Malaysia’s DiGi Telecommunications saw a lower net profit in the first quarter of 2012 compared to the same period a year earlier, despite recording higher revenues year-on-year. For the three months ended 31 March 2012 DiGi posted a net profit of MYR320.63 million (USD104.5 million), down from MYR331.4 million in 1Q11, and significantly lower than the MYR394 million net profit it reported in 4Q11. The telco noted that the decline against the last quarter of 2011 could be attributed in the main to ‘prior years’ tax incentives related to mobile broadband network facilities which resulted in significantly lower effective tax rate in Q411’
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OVETEL DiGi reports lower first quarter net profit despite revenue increase
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